Chicago · Cook County · IL
Homes for sale in
Parc Chestnut.
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- Sold · last year
- 8
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About the community
A contemporary, full-amenity condominium in the heart of River North.
Parc Chestnut is a 261-unit condominium building at 849 North Franklin Street in Chicago's River North neighborhood, built in the mid-2000s (roughly 2006 to 2007) and rising about 15 to 16 stories. It is a contemporary soft-loft building, with exposed ductwork, tall ceilings, hardwood floors, and open kitchens, rather than a vintage warehouse conversion, and it sits directly across Franklin Street from a small private park, a genuine differentiator in dense River North. Full building amenities, a staffed lobby, and an attached indoor garage make it a low-friction option for buyers who want city living without a luxury-tower price ceiling.
At a glance
261-unit mid-rise
A contemporary condominium of about 15 to 16 stories, built roughly 2006 to 2007.
Private park across the street
A half-acre park directly across Franklin brings rare green space and light at this density.
Soft-loft interiors
One to four-bedroom homes with exposed ductwork, tall ceilings, hardwood floors, open kitchens, and many with balconies.
Full building amenities
A ground-floor fitness center, a 4th-floor outdoor terrace with city views, community and party rooms, a business center, and bike storage.
Door staff and secured access
Front-desk door service and controlled building access, with professional on-site management.
Dog run and dry cleaner
An on-site dog run and dry cleaner, plus an attached indoor parking garage. No swimming pool.
A half block to the "L"
The CTA Chicago Avenue Brown and Purple line stop is about a 3-minute walk, with the Red Line and Merchandise Mart nearby.
River North at the doorstep
Galleries, restaurants, and nightlife within walking distance, with the Magnificent Mile and the Loop a short ride away.
What’s close
Parc Chestnut sits in River North on Chicago's Near North Side, one of the city's most walkable and transit-rich neighborhoods, at Franklin and Chestnut.
- Building amenities
- The fitness center, the 4th-floor terrace, community and party rooms, a business center, bike storage, a dog run, an on-site dry cleaner, and the attached garage.
- Dining and galleries
- River North's galleries, restaurants, and nightlife within walking distance, plus the private park across Franklin.
- Shopping and the Loop
- The Magnificent Mile along the east edge of the neighborhood and the Loop just across the river, both a short walk or ride.
- Schools
- Chicago Public Schools, assigned by exact address. Ogden International is commonly cited for River North, but confirm the assignment by address with the CPS School Locator.
- Transit
- The CTA Chicago Avenue Brown and Purple line stop about a block away, the Red Line about a half mile, plus Merchandise Mart and bus routes nearby.
- Highway
- The Kennedy Expressway (I-90/94) a short drive west, with O'Hare and Midway both reachable.
What it’s actually like to live here
Parc Chestnut suits a buyer who wants full-amenity, low-friction city living without the price ceiling of a Gold Coast luxury tower. The soft-loft interiors, exposed ductwork, tall ceilings, hardwood, and open kitchens give it a warmer, more architectural feel than a glass high-rise, while the staffed lobby, fitness center, business center, community rooms, and attached garage cover the day-to-day conveniences most downtown buyers want. The half-acre park directly across Franklin is the building's real signature, offering green space and light that are rare at this density, plus an on-site dog run that makes it genuinely workable for pet owners.
Location is the strongest selling point. With the Brown and Purple line stop about a block away, the Red Line, Merchandise Mart, the Magnificent Mile, and the Loop are all a short walk or single ride away, and the neighborhood's galleries, restaurants, and nightlife are at the doorstep. For someone who wants to live car-light, this is close to a best-case Chicago address.
The honest tradeoffs are real. River North is busy, and a Franklin Street address means urban noise, traffic, and nightlife energy rather than quiet residential calm. This is a mid-2000s building, so mechanicals, finishes, and common areas are aging into the range where reserve health and special-assessment history matter, so review the association's budget and reserves. Parking is generally a separate purchase or rental rather than automatic, there is no swimming pool, and school assignment must be confirmed by address, since families cannot assume a specific CPS school.
The questions buyers actually ask
Parc Chestnut FAQ
The questions I get most from buyers shopping Parc Chestnut. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- Monthly assessments vary widely by unit size, typical for a full-amenity, staffed River North mid-rise. They generally cover door staff, building insurance for the structure and common areas, water, common-area heating and cooling, upkeep of the amenity spaces, professional management, trash and snow removal, and reserve contributions. Parking is typically deeded or rented separately from the base assessment, and utilities such as in-unit electricity are commonly the owner's responsibility. Confirm exactly what a given unit's assessment includes, whether a parking space conveys, and the association's reserves before buying.
- What are property taxes like?
- Roughly $5,000 – $11,000 per year, depending on home size and value. Cook County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- What's the typical closing timeline?
- 45 to 90 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 90.
- What kind of building is Parc Chestnut?
- A 261-unit contemporary condominium at 849 N Franklin in River North, rising about 15 to 16 stories and built in the mid-2000s, roughly 2006 to 2007. It has loft-style interiors and full building amenities, and it faces a small private park across Franklin Street.
- What amenities does the building have?
- Door staff and secured access, a ground-floor fitness center, a 4th-floor outdoor terrace with city views, community and party rooms, a business center, bike storage, an attached indoor garage, an on-site dry cleaner, and a dog run, plus the half-acre park directly across the street. There is no swimming pool.
- Is there parking?
- Yes, the building has an attached indoor garage. Parking is typically deeded or rented separately from the unit rather than automatically included, so confirm the parking arrangement on the specific listing.
- What do the monthly assessments cover?
- Typically door staff, building insurance, water, common-area heating and cooling, amenity upkeep, trash and snow removal, professional management, and reserve contributions. The exact inclusions, and whether a parking space is included, vary by unit, so confirm on the listing and review the association's budget and reserves.
- What schools serve the building?
- It is in Chicago Public Schools, and assignments are set by exact address and can change, so confirm using the CPS School Locator. Ogden International is often cited for River North, but do not assume it without checking the address, and note that selective-enrollment and magnet schools are application-based.
- What do units cost and how is the market right now?
- Prices vary by size, floor, and view, from one-bedrooms up through large multi-bedroom homes. See the live Market snapshot on this page for current listings, recent sales, and price per square foot, which update directly from the MLS.
- Who is the real estate agent for Parc Chestnut?
- Joe Keegan is the local licensed Illinois real estate broker who covers Parc Chestnut in Chicago, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for Parc Chestnut specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Your local agent
Joe knows Parc Chestnut
Most agents will list anything. I focus on the places I actually know, and the things that move value here don't show up in the MLS write-up: which streets and buildings hold demand, what the HOA or assessments really cover, how the comps read once you account for condition and location, and where buyers consistently want to be.
When you're ready to tour or list, you want someone who has read the last 50 closed comps in this specific market, not a national average, and can tell you what they actually mean for your price. That's how I work. Text or call any time, and I'll give you a real take, not a brochure.
- Licensed Illinois broker
- Comp-driven pricing
- Chicago specialist
- Honest local market take
- Brokerocity
Market snapshot
Parc Chestnut, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical sale price · last 90 days
$450,000
Sold in the last year
8
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 5, 2025 through August 5, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
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